Gen Xers are usually defined as those born between 1965 and 1978. The survey describes them as the "401(k) generation" because they "entered the workforce coincident with the introduction of 401(k) plans and the decline of defined benefit plans."

<A HREF="http://ads.lifehealthpro.com/RealMedia/ads/click_lx.ads/www.lifehealthpro.com/markets/gen-x-y/L37/1738080676/Right1/NUCO/LHProHome_GenworthLTC_ROS_MedRec_09_01_2014/Genworth_LTC_300x250_March2014.html/502f4b507456514e396b6b4142335572?http://ad.doubleclick.net/jump/N3382.740335.LIFEHEALTHPRO/B8040127.7;sz=300×250;ord=1738080676?">< IMG SRC="http://ad.doubleclick.net/ad/N3382.740335.LIFEHEALTHPRO/B8040127.7;sz=300×250;click0=http://ads.lifehealthpro.com/RealMedia/ads/click_lx.ads/www.lifehealthpro.com/markets/gen-x-y/L37/1738080676/Right1/NUCO/LHProHome_GenworthLTC_ROS_MedRec_09_01_2014/Genworth_LTC_300x250_March2014.html/502f4b507456514e396b6b4142335572?;ord=1738080676?" BORDER=0 WIDTH=300 HEIGHT=250 ALT="Advertisement"></A&amWhile some of Gen Xers will start turning 50 next year, the study found that only one in four, or 24 percent, say that saving for retirement is their greatest financial priority right now.

With 51 percent of Gen Xers basing their estimate of their retirement savings goal and needs on a "guess," and two-thirds (65 percent) of Gen Xers saying that they "don't know as much as they should about retirement investing," it is clear that there is a dire need for financial education and advising.